Since launching five years ago, Moovit has quietly developed a powerful mapping tool for public transportation that is used by millions globally.
Now the company is preparing to take its next big step by leveraging the community of mappers who helped build its service.
To do that, Moovit has opened its treasure trove of data to cities around the world in the hope that it will transform urban mobility.
Dubbed Smart Transit Suite, the new set of tools for cities also represents a step toward building a more robust business model to sustain a company that has raised more than $81.5 million in venture capital over four rounds.
After five years of development, the company is feeling confident.
“Our data is very accurate,” said Yovav Meydad, Moovit’s vice president of products and marketing.